Company TAN application

TAN or deduction and assortment Account range could be a ten digit alpha numeric range needed to be obtained by all persons WHO area unit liable for deducting or collection tax.

All those persons WHO area unit needed to deduct tax at supply or collect tax at supply on behalf of tax Department area unit needed to use for and acquire TAN.

TAN is assigned by the tax Department on the idea of the appliance submitted to TIN Facilitation Centres managed by National Securities deposit restricted ( NSDL ).

NSDL can intimate the TAN which is able to be needed to be mentioned altogether future correspondence concerning TDS/TCS.

AN application for allotment of TAN is to be stuffed in type 49B and submitted at any of the TIN facilitation centres meant for receipt of e-TDS returns.

The tax act makes it obligatory for TAN to be quoted altogether TDS/TCS returns, all TDS/TCS payment challans and every one TDS/TCS certificates to be issued.

Failure to use for TAN or suits any of the opposite provisions of the Act attracts a penalty. TDS/TCS returns won't be received if TAN isn't quoted and challans for TDS/TCS payments won't be accepted by banks.